Examples of Security Documents in a sentence
Agent (acting at the direction of the Required Lenders) is authorized on behalf of the Lenders, without the necessity of any notice to or further consent from such Lenders, from time to time, to take any actions with respect to any Collateral or Security Documents which may be necessary to perfect and maintain the Liens upon the Collateral granted pursuant to the Security Documents.
As continuing Security for the due and punctual fulfilment of the Secured Obligations, the Issuer shall and shall procure that relevant security providers grant the Transaction Security to the Secured Parties as represented by the Trustee on the terms set out in the Security Documents.
The main functions of the Security Agent include holding Transaction Security on behalf of the Secured Parties and, where relevant, enforcing the Transaction Security on behalf of the Bondholders, and monitoring compliance by the Issuer and other relevant parties of their respective obligations under the Security Documents with respect to the Transaction Security on the basis of information made available to it pursuant to the Finance Documents.
Each Borrower and MichiCann hereby represents, warrants, acknowledges and agrees with the Lender that all Security Documents executed and delivered by it to the Lender prior to the date of this Agreement continues in full force and effect and remains valid and enforceable in accordance with its terms.
The Issuer and the relevant security providers shall enter into the Security Documents and perfect the Transaction Security in accordance with the Security Documents.